Down goes the Dow

carmine9 wrote:

Ghost of Igloi wrote:

From your posts it appears you don’t need the income.

I dunno.

Thought I had plenty of $ as I neared retirement.

But have lost @ $300k in the past year or so.

With an annual pension and Soc Sec of less than $80 per year, you hope to augment that a bit.

Instead my losses have dwarfed the income.

Tough to take.

Down more than $6k today

agip wrote:

Well ain't this something!

Inventories surging! Usually that is bad and suggests an unexpectedly slowing economy.

But in this context it also means the supply chain crisis has ended. Lots of merch available for wholesale. Bullish.

it also means demand is down so inflation may ease so the Fed can chill. Bullish.

It also means that stores stuck with all that inventory will cut its price, which will be deflationary so the Fed can chill. Bullish.

Things are moving fast. If a feeling spreads that the Fed could go on pause after the summer because inflation is cooling fast....very bullish for stocks.

Carl Quintanilla
@carlquintanilla
Inventory:
* Abercrombie: +45%
* Target: +43%
* Walmart: +24%
* Kohl's: +40%

agip wrote:

Well ain't this something!

Inventories surging! Usually that is bad and suggests an unexpectedly slowing economy.

But in this context it also means the supply chain crisis has ended. Lots of merch available for wholesale. Bullish.

it also means demand is down so inflation may ease so the Fed can chill. Bullish.

It also means that stores stuck with all that inventory will cut its price, which will be deflationary so the Fed can chill. Bullish.

Things are moving fast. If a feeling spreads that the Fed could go on pause after the summer because inflation is cooling fast....very bullish for stocks.

Carl Quintanilla
@carlquintanilla
Inventory:
* Abercrombie: +45%
* Target: +43%
* Walmart: +24%
* Kohl's: +40%

Spit at Biden voters wrote:

Spit in the faces of Biden voters to thank them for your losses.

Ghost of Igloi wrote:

The Biden Administration bears responsibility for its weird woke agenda,

carmine9 wrote:

Ghost of Igloi wrote:

From your posts it appears you don’t need the income.

I dunno.

Thought I had plenty of $ as I neared retirement.

But have lost @ $300k in the past year or so.

With an annual pension and Soc Sec of less than $80 per year, you hope to augment that a bit.

Instead my losses have dwarfed the income.

Tough to take.

Down more than $6k today

Swaglord369 wrote:

carmine9 wrote:

I dunno.

Thought I had plenty of $ as I neared retirement.

But have lost @ $300k in the past year or so.

With an annual pension and Soc Sec of less than $80 per year, you hope to augment that a bit.

Instead my losses have dwarfed the income.

Tough to take.

Down more than $6k today

Carmine how old are you? Were you risk on with your retirement money?

I just turned 30, so that 70% drop in crypto was not the end of the world for me even though it hurts.

Don’t see how this becomes a full blown depression… wouldn’t inflation drop substantially before that? Unless energy/inputs stay high for a long time.

Investor noob wrote:

carmine9 wrote:

I dunno.

Thought I had plenty of $ as I neared retirement.

But have lost @ $300k in the past year or so.

With an annual pension and Soc Sec of less than $80 per year, you hope to augment that a bit.

Instead my losses have dwarfed the income.

Tough to take.

Down more than $6k today

Omg you're retired already and you bought all these meme stocks? I'm in my 30s and wouldn't even touch Tesla above 300. Guess I have no risk tolerance.

agip wrote:

Well ain't this something!

Inventories surging! Usually that is bad and suggests an unexpectedly slowing economy.

But in this context it also means the supply chain crisis has ended. Lots of merch available for wholesale. Bullish.

it also means demand is down so inflation may ease so the Fed can chill. Bullish.

It also means that stores stuck with all that inventory will cut its price, which will be deflationary so the Fed can chill. Bullish.

Things are moving fast. If a feeling spreads that the Fed could go on pause after the summer because inflation is cooling fast....very bullish for stocks.

Carl Quintanilla
@carlquintanilla
Inventory:
* Abercrombie: +45%
* Target: +43%
* Walmart: +24%
* Kohl's: +40%

agip wrote:

Days since the 52-week low: 5

carmine9 wrote:

Swaglord369 wrote:

Carmine how old are you? Were you risk on with your retirement money?

I just turned 30, so that 70% drop in crypto was not the end of the world for me even though it hurts.

Don’t see how this becomes a full blown depression… wouldn’t inflation drop substantially before that? Unless energy/inputs stay high for a long time.

Well, I can invest totally in safe bonds and CDs that pay 2% with inflation at 8%.

Or I can risk 10% of my savings on stocks -- which is what I am doing.

The problem is I retired at the end of last year and the market has been consistently horrific since then

Ghost of Igloi wrote:

carmine9 wrote:

Well, I can invest totally in safe bonds and CDs that pay 2% with inflation at 8%.

Or I can risk 10% of my savings on stocks -- which is what I am doing.

The problem is I retired at the end of last year and the market has been consistently horrific since then

Sequence of return. Much better to retire when market is at a low, distribution are taken during positive returns. Your situation is the opposite, you are no longer adding to principal, and markets are eroding principal, and distributions erode principal. I would be more concerned with investments that lose 30-50% in weeks, than 8% annual inflation.

nearly retired wrote:

agip wrote:

Days since the 52-week low: 5

I have a feeling this won't work as well as you hope it might... :-D

nearly retired wrote:

agip wrote:

Days since the 52-week low: 5

I have a feeling this won't work as well as you hope it might... :-D